Innergex Renewable Energy (OTCMKTS:INGXF) Posts Earnings Results

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.22, Zacks reports. The firm had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%.

Innergex Renewable Energy Price Performance

Shares of INGXF remained flat at $6.01 during trading on Friday. The company's stock had a trading volume of 45,331 shares, compared to its average volume of 52,286. The business's fifty day moving average price is $5.43 and its two-hundred day moving average price is $6.29. Innergex Renewable Energy has a one year low of $4.81 and a one year high of $7.90. The company has a market cap of $1.22 billion, a P/E ratio of 200.33 and a beta of 0.65. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a $0.0649 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy's payout ratio is 833.33%.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.